单选题If an analyst has a policy of making an inquiry into a clients financial situation, investment experience, and investment objectives regularly, this is（ ）
单选题An oil exploration company has been contracted to dig 100 exploratory holes for $ 200000. The cost to complete this job is estimated to be $150000, but the company doesn"t recognize any of the $ 50000 profit until the job is completed. Which revenue recognition method is being used?
单选题Sarah Kelley, CFA, is analyzing two mutually exclusive investment projects. Kelley has calculated the net present value (NPV) and internal rate of return (IRR) for each project: Project 1: NPV=$230; IRR=15% Project 2: NPV=$4000; IRR=6% Kelley should make which of the following recommendations concerning the two projects: Project 1 Project 2 ①A. Accept Reject ②B. Accept Accept ③C. Reject Accept
单选题An analyst does research about free cash flow and gathers the following information about a company: ·Cash provided by operating activities is $22000 ·Cash used for fixed capital expenditures is $6000 ·Net debt repayment is $850 ·Interest paid is $3000 ·Income tax rate is 35% ·Depreciation and amortization is $1000 The free cash flow to the firm is closest to: A. $16950 B. $17950 C. $18950
单选题Which of the following most accurately describes the Monetarist school of macroeconomic thought in relation to aggregate demand and aggregate supply? Monetarists believe that the money supply should be:
单选题An analyst feels that Bayon Company's earnings and dividends will grow
at 20% for two years, after which growth will fall to a market-like rate of 7%.
If the discount rate is 13% and Bayon's most recently paid dividend was $3, what
is the value of Bayon's stock using the multistage dividend discount model?
A. $57.9
B. $63.2
C. $66.9
单选题Holding all other characteristics the same, the bond exposed to the greatest level of reinvestment risk is most likely the one selling at:
单选题Use the below table, containing average annual returns for eleven investment managers.
单选题Helen Pedersen has all her money invested in either of two mutual
funds (A and B). She knows that there is a 40 percent probability that fund A
will rise in price and a 60 percent chance that fund B will rise in price if
fund A rises in price. What is the probability that both fund A and fund B will
rise in price?
A. 0.24.
B. 0.40.
C. 0.70.
单选题If the market demand for a product increases in a competitive market, then in the short run the quantity supplied by an individual firm will: A. decrease and the firm will generate economic profits. B. increase and the firm will generate economic profits. C. increase and the firm will generate economic losses.
单选题An analyst gathered the following information for a U
单选题A $35 call on a stock trading at $37 is priced at $5. The time value of the option is:
单选题An analyst does research about short-term funding from bank. Under which of the following short-term funding methods does a company sell receivables to a third party? A. Factoring. B. Line of credit. C. Banker's acceptance.
单选题Which of the following is least likely to be classified as an opportunity cost? A. The cash savings related to adopting a new production process. B. The cash flows generated by an old machine that is to be replaced. C. The market value of vacant land to be used for a distribution center.
单选题Using the debt-rating approach to find the cost of debt is most appropriate when market prices for a companys debt are:
单选题The payoff on an interest-rate option: A. comes some period after option expiration. B. is periodic, typically every 90 days. C. is greater than the "strike" rate.
单选题When considering two mutually exclusive capital budgeting projects with conflicting rankingsone has a higher positive net present value (NPV), the other has a higher internal rate of return (IRR)-- the most appropriate conclusion is to choose the project with the:
单选题For accounting information to be useful for an analyst, it should be reliable
单选题An analyst is comparing a firm to its competitors. The firm has a deferred tax liability" that results from accelerated depreciation for tax purposes. The firm is expected to continue to grow in the foreseeable future. How should the liability be treated for analysis purpose?
单选题Tobias Johansen, CFA, is currently fully invested in the market portfolio that lies on the capital market line (CML). Johansen desires to increase the expected return from his portfolio. Johansen is risk averse but willing to accept higher risk if he can increase the expected return from his portfolio. According to capital market theory, Johansen can meet his risk and return objectives best by: A. allocating a higher proportion of the portfolio to higher risk assets. B. borrowing at the risk-free rate to invest in the risky market portfolio. C. selling low-risk stocks short and invest the proceeds in higher-risk Stocks.